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Nov 27, 2012
11/12
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he is calling on rich americans to pay up. >> is warren buffett and out liar in this respect, or will he be able to drag with him -- is warren buffett on the outside in this respect, or will he be able to drive with him others? >> we have seen republican lawmakers start to soften. the key is whether republican donors start to soften, too. we have seen how the rich have a particular ability to lobby for their best interests, and that has been the story in america for the past three decades. this election with a bit of a referendum on that balance of power. we will see if the president has that muscle to push that through. interesting that you mentioned mark carney. he is a hero, in my book. as one of the governors of the bank of canada, he thought -- fought the powers there. >> sure the discussion that america is having now focus on this issue of inequality that you have written about in your book? and will the election results give president obama a mandate to do just that? >> i think it should be part of the discussion. the argument sometimes from conservatives, and also from not jus
he is calling on rich americans to pay up. >> is warren buffett and out liar in this respect, or will he be able to drag with him -- is warren buffett on the outside in this respect, or will he be able to drive with him others? >> we have seen republican lawmakers start to soften. the key is whether republican donors start to soften, too. we have seen how the rich have a particular ability to lobby for their best interests, and that has been the story in america for the past three...
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Nov 27, 2012
11/12
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FOXNEWSW
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warren buffett when it comes to investing. but, but you got to know your strength and you got to know your weaknesses. that said, i wouldn't take ping-pong lessons from mr. buffett. take a look here. here is another thing i wouldn't do. i wouldn't listen to the oracle of omaha on this. >> ♪ i've been working on the railroad all the live long day ♪ ♪ i've been working on the railroad just to pass the time away ♪ ♪ dinah won't you blow ♪ dinah won't you blow your horn ♪ [ laughter ] >> eric: so now warren buffett wants to weigh in on taxes. politics and americans need to hand over more of our dough. mr. buffett, oh, sage one. put down the ping-pong paddle and the ukulele and the tax plan. the gift is with profit margins, ebidah. the man, fantastic investor, but he is suggesting a minimum tax, to raise etch's wealth. wealthy people's taxes to trickle down to everywhere else. i can't imagine the economy can handle that. >> dana: i have very little patience for the extremely rich who want to make it harder for other p
warren buffett when it comes to investing. but, but you got to know your strength and you got to know your weaknesses. that said, i wouldn't take ping-pong lessons from mr. buffett. take a look here. here is another thing i wouldn't do. i wouldn't listen to the oracle of omaha on this. >> ♪ i've been working on the railroad all the live long day ♪ ♪ i've been working on the railroad just to pass the time away ♪ ♪ dinah won't you blow ♪ dinah won't you blow your horn ♪ [...
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Nov 26, 2012
11/12
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dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a tiny, tiny improvement. i will take it, sure. we are getting distracted on this one. dagen: connell was talking about a minimum tax on the wealthy. he starts out $1 billion a year. 30%. a good idea in the abstract? then he starts talking about his brother in. those are multi billionaires, dude. >> i mean, i think these are all legitimate questions. we have this great opportunity to do tax reform. to clean up the tax code. get rid of some of the provisions. should we give tax rates for second homes, for vacation homes? probably not. the reality is a lot of things lik
dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a...
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Nov 27, 2012
11/12
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coming up next, more with legendary investor warren buffett. can you learn how to make money just like he does? and later going down. what might be the funniest and meanest elevator prank ever, but first these messages. job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've joined your family. even if i can't be there this year. just tell me. [ female announcer ] for everything they need to hear, there's a hallmark card. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ [ man ] and what did you think? i loved it. why? 'cause it's a toyota, of course! i want a car that's gonna last me for a little while. ♪ i like the bells and whistles. that's my favorite part about the car. i like the navigation. i like the entune. and it's fast. [ male an
coming up next, more with legendary investor warren buffett. can you learn how to make money just like he does? and later going down. what might be the funniest and meanest elevator prank ever, but first these messages. job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've joined your family. even if i can't be there this year. just tell me. [ female announcer ]...
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Nov 27, 2012
11/12
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warren buffett's plans tax hike critics claiming that higher rates would not put a freeze on investing. is the oracle of omaha having of false prophecy? 220 men join us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break out. will they bring mideast turmoil to new heights? one of the reasons top experts. getting a pink slip for not getting a flu shot. one employer fires all workers refusing to get the flu vaccine. is it legal? could more businesses follow suit? if even when they say it's not, it's always about "money." ♪ melissa: first, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some otherbest in four months. two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. and as our own charlie gasparino first reported, mary schapiro stepping down as chairman of the sec. officially leave office on december 14th. she ran the securities regulator for
warren buffett's plans tax hike critics claiming that higher rates would not put a freeze on investing. is the oracle of omaha having of false prophecy? 220 men join us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break out. will they bring mideast turmoil to new heights? one of the reasons top experts. getting a pink slip for not getting a flu shot. one employer fires all workers refusing to get the flu vaccine. is it legal? could...
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Nov 27, 2012
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you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax for rich people. >> a combination of those two. we've got a lot more to talk about with you. monday night football highlights the eagles showing they don't need michael vick to lose a football game. will coach andy reid survive another week? looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. fre
you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax...
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Nov 28, 2012
11/12
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says warren buffett. >> oh, come on. first of all, warren buffett has other issues at hand. the reality is he's not holding the government to the same standards he would hold his investments. to cast that aside for a second, the problem is, piers, is the amount that we're talking about. when we look at for example the payroll tax cut and the obama care tax, if you put those two things together, that's over 1% of the gdp. if you throw in then the top 1% or 2% earners, that's going to put is at 1.5% or 2% of the gdp which is not a sustainable amount of tax hikes given the fact that we're in a sluggish growth period. i think that warren buffett certainly understands that. you know what mr. buffet, 01: if you want to add in more why not make this something of choice. if you feel like you can help, go ahead. put some extra money in. >> that's completely -- look, nobody has any guns to anybody's head. we have a common problem. it's called a budget deficit, particularly in out years. we have some common responsibilities and when you do consider that the wealthy in this country are
says warren buffett. >> oh, come on. first of all, warren buffett has other issues at hand. the reality is he's not holding the government to the same standards he would hold his investments. to cast that aside for a second, the problem is, piers, is the amount that we're talking about. when we look at for example the payroll tax cut and the obama care tax, if you put those two things together, that's over 1% of the gdp. if you throw in then the top 1% or 2% earners, that's going to put...
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Nov 27, 2012
11/12
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warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of combining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon down, both with dividend yields of just about 5%. most retailers lower on the day despite good news on the holiday shopping weekend. target and walmart among
warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered...
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Nov 24, 2012
11/12
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and what has proposed will not have warren buffett pay the same. have a flat tax. if you make more, you pay more. lou: president himself may have been talking to you or others about the possibility of reforming the entire tax code. >> this is a great time. >> don't forget to the last time the senate had a budget is when her read worked with speaker pelosi nobody complained they're not spending enough money. 2.5 trillion goes off $1 trillion of spending right there. lou: there are always to get there. the idea that the president and boehner come together to have a civil discourse what we will do with the fiscal cliff are you any more hopeful on this first day of discussion? >> with the president's tone. lou: are you being partisan and? >> i am being objective when i say the president proposed 1.6 trillion dollars of new revenue? he wants to destroy the economy? who will allow that increase to devastate the economy? lou: a good point*. nobody talks about the fact that individual top -- checks payments federal receipts has risen over the last few year
and what has proposed will not have warren buffett pay the same. have a flat tax. if you make more, you pay more. lou: president himself may have been talking to you or others about the possibility of reforming the entire tax code. >> this is a great time. >> don't forget to the last time the senate had a budget is when her read worked with speaker pelosi nobody complained they're not spending enough money. 2.5 trillion goes off $1 trillion of spending right there. lou: there are...
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Nov 29, 2012
11/12
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warren buffett changed the debate about u.s. tax reform for his call for the reach to pay more. calling for minimum tax rates for millionaires. are you kidding me? this will not make a dent in the deficit. here to disagree with me is christian dorsey from the economic policy institute. christian, thank you so much for coming back to the show. you are always a spirited debate partner. tell me why you like this. >> i'll tell you, melissa, to me this is not so much about the revenue that it would raise but about the message and principle it stand for, that we can't in this country have a situation where people are making millions of dollars effectively paying lower tax rates than america's middle class families. the principle of this, of this rule is actually what's most important. the revenue that it raises, it is important because it is not chump change but it is not in of itself going to change our deficit conversation but the principle is one that is extremely important. liz: but you're talking about wealthier people. well thinker people pay a higher average tax rate. everybody
warren buffett changed the debate about u.s. tax reform for his call for the reach to pay more. calling for minimum tax rates for millionaires. are you kidding me? this will not make a dent in the deficit. here to disagree with me is christian dorsey from the economic policy institute. christian, thank you so much for coming back to the show. you are always a spirited debate partner. tell me why you like this. >> i'll tell you, melissa, to me this is not so much about the revenue that it...
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Nov 26, 2012
11/12
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warren buffett renewing his call for a millionaire's tax. our next guest says you can raise taxes all day and not make a dent in the debt without doing one more thing. >>> later, the battle inside the democratic caucus. how ways and means senator levin explaining why democrats willing to jump off the cliff are making a huge mistake. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trad
warren buffett renewing his call for a millionaire's tax. our next guest says you can raise taxes all day and not make a dent in the debt without doing one more thing. >>> later, the battle inside the democratic caucus. how ways and means senator levin explaining why democrats willing to jump off the cliff are making a huge mistake. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from...
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Nov 24, 2012
11/12
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what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new revenues. he wants to destroy the economy. no one in their right mind is going to allow that kind of increase to devastate the economy. lou: that's a good point. it's interesting that no one is talking abou
what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending...
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Nov 26, 2012
11/12
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warren buffett, jake tapper and tom colicchio. what's next? >> "the daily rundown." >>> president obama may be fighting some senate republicans willing to back a fiscal compromise. can speaker boehner find enough support
warren buffett, jake tapper and tom colicchio. what's next? >> "the daily rundown." >>> president obama may be fighting some senate republicans willing to back a fiscal compromise. can speaker boehner find enough support
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Nov 28, 2012
11/12
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jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a trading blunder. cyber monday could almost be re- named "mobile monday." a growing number of consumers used their smartphones and tablets to shop on cyber monday this year. it contributed to an overall bump in sales of 30% from last year. comscore is estimating that sales will reach a whopping 1.5 billion dollars. amazon's kindle fire was the day's most searched-for gift on the web. others that were high in demand were uggs, ipads, the ipod touch, legos, and the wii. some consumers did not get what they bargained for this cyber monday. 132 websites in the u.s. and europe were shu
jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a...
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Nov 27, 2012
11/12
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. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected to spend $1.5 billion online today according to research firm comscore. that's up 20% from last year, as retailers pull out all the stops to get shoppers to click on their websites. erika miller has more. >> reporter: many americans were hard at work today. but others were hardly working-- using high speed office computers to scour the internet for bargains. others browsed at retail stores, but used mobile phones and tablets to make their purchases online. >> but internet shopping is more than just price comparison this year. it's about going shopping with friends and family even when they're not there. >> it makes them feel better about shopping when they are accessi
. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected to spend $1.5 billion online today according to...
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Nov 26, 2012
11/12
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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Nov 27, 2012
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warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. okay, that looks great... [ camera flash ] were you profitable last m mont? how much money is in your checking account? have the browns paid you for their addition yet? your finances are scattered all over the place. what are your monthly expenses? you keep your receipts in plastic baggies? seriously? [ announcer ] get it done and get it off your mind... with quickbooks. organize your small business finances... all in one place. quickbooks pulls in information from other sources. evennline banking and customer information. visit tryqckbooksfree.com today to start for free. and now your business can be at your fingertips, anywhere, with the convenient mobile app. from creating customized invoices, to tracking sales and expenses, quickbooks can help you manage... every detail of your business. and at tax time, all your records... will be automatilly organized and ready to go, saving you time on prep work. quickbooks, guaranteed easy or
warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. okay, that looks great... [ camera flash ] were you profitable last m mont? how much money is in your checking account? have the browns paid you for their addition yet? your finances are scattered all over the place. what are your monthly expenses? you keep your receipts in plastic baggies? seriously? [ announcer ] get it done and get it off your mind... with quickbooks. organize your...
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Nov 29, 2012
11/12
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what about warren buffett's idea of the 30% minimum tax? because obviously, if you're worth hundreds of millions of dollars, you're going to have the best accountants and tax lawyers. what if you have just a flat 30% tax rate for millionaires and billionaires? is that -- is that a way forward? >> it's absolutely a way forward. and i think it should be part of any proposal. >> wait. and i said flat. i'm sorry, let me correct myself. i mean a minimum. we're talking about a minimum tax. if you make a million or more, it doesn't matter how you made it. you're going to be paying 30% to the government. >> and that is, in my mind, an absolutely important part of a proposal. it is about a $100 billion item plus or minus depending on what you're comparing it to. it makes a meaningful contribution to the $1.2 trillion we need, but you've got to do a lot of other stuff to still get there. >> to buffett's point, howard, the capital gains argument -- i said this in the earlier hour -- that somehow, by raising it from 15% to 28% in any way diminishes inv
what about warren buffett's idea of the 30% minimum tax? because obviously, if you're worth hundreds of millions of dollars, you're going to have the best accountants and tax lawyers. what if you have just a flat 30% tax rate for millionaires and billionaires? is that -- is that a way forward? >> it's absolutely a way forward. and i think it should be part of any proposal. >> wait. and i said flat. i'm sorry, let me correct myself. i mean a minimum. we're talking about a minimum...
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Nov 28, 2012
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. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, there have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the perfect answer. i just don't get a coherent argument why you can't do a bit of both. >> here's the issue, is that we have never had a period with more than 1% of the gdp in terms of tax hikes since 1969. that was the last time that happened and that put us into a recession and then we had several decades of increasing unemployment. the amount of tax hikes we're talking about here, piers, are about 3% of the gdp. so you're comparing apples to oranges. you can't say well, under clinton, this didn't happen. that was less than 1% of the gdp. we're talking three times that
. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, there have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the...
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Nov 26, 2012
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. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on cnbc.com today. the other important point to make on this, it is just not a lot of money and it is not a lot of people. it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income level are paying that. >> i have to say, if we're going to have a big tax debate, let's have one that really matters, now about this warren buffett rule which won't raise enough revenue to make a dime'
. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on...
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Nov 26, 2012
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but if you're a long-term investor -- remember, warren buffett is very bullish on u.s. stocks because he believes in company. this could be a buying opportunity because things have drop add lot. >> well, stephanie, speaking of warren buffett hr, he had an op, sort of laying the idea that the've wealthy would throw a hissy fit, would not invest if they were to increase a couple of points. he wrote, so let's forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattresses if, gasp, capital gaines rates and yord nan income rates are increased. the ultra rich, including me, will forever pursue investment opportunities. why is there such a hang-up even to the point that republicans have signals willingness to find revenue in other places as lodge as they do not actually increase the rates? >> i think the hang-up is broader than that. and what mr. buffet is asking for simplicity. as far as investors go, they simply want things to be resolved because again unless there's clarity in the future, you're just not going to see much happenin
but if you're a long-term investor -- remember, warren buffett is very bullish on u.s. stocks because he believes in company. this could be a buying opportunity because things have drop add lot. >> well, stephanie, speaking of warren buffett hr, he had an op, sort of laying the idea that the've wealthy would throw a hissy fit, would not invest if they were to increase a couple of points. he wrote, so let's forget about the rich and ultra rich going on strike and stuffing their ample funds...
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Nov 29, 2012
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so i'm all for that. >> the book is "tap dancing to work warren buffett on practically everything" the oracle of omaha. we appreciate you're coming on today. look forward to seeing you soon. >> thank you for having me. >>> two nfl players leaving lucative contracts behind in search of something higher, their story next on "andrea mitchell reports." a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... wi
so i'm all for that. >> the book is "tap dancing to work warren buffett on practically everything" the oracle of omaha. we appreciate you're coming on today. look forward to seeing you soon. >> thank you for having me. >>> two nfl players leaving lucative contracts behind in search of something higher, their story next on "andrea mitchell reports." a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the...
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Nov 28, 2012
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warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody i
warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he...
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Nov 26, 2012
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. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking about capital gains, deductions and things you've talked about a lot. >> time for the global markets report. ross westgate totally still confuse aed about thanksgiving and pilgrims. what was all the hoopla about? you celebrate boxing or something, don't you? like we lost a great boxer. is that what you celebrate? what is boxing day? >> boxing day, the day of a christmas. >> you wrap all your presents in boxes? >> i think it's something to do with all the presents. i'm not quite sure. >> yeah, put them in boxes. >> maybe. >> so you ignored our thanksgiving. but feeling okay again? >> yeah. you know, it's okay.
. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking...
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Nov 26, 2012
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billionaire warren buffett wants the so- called buffett rule if to have more teeth. this helps the bay area. amazon is going good and they are having to pay income tax. can we deliver more than four days and will give your familiar to. if companies are starting to see a little bit of a grind. watching was born on with the fiscal cliff he is calling from some really big high-tech. his stated that 30 percent of people and those making more than that >> keep the mind that warm the fed wants lower tax brackets and he thinks the prop. 13 best guess there's really no right answer to approe fiscal cliff. the markets are nearing afternoon i and as we approach this he thinks and others think that the markets could go higher. it will be very edge as in to see where we end up. upper-class and most of america. we have a lot of work ahead o >> i think we should compromise. we have not heard that word in washington for what. >> will be back with winners and losers. >> the executive director of is salvation army warehouse has been fired after still a donated items were found in ano
billionaire warren buffett wants the so- called buffett rule if to have more teeth. this helps the bay area. amazon is going good and they are having to pay income tax. can we deliver more than four days and will give your familiar to. if companies are starting to see a little bit of a grind. watching was born on with the fiscal cliff he is calling from some really big high-tech. his stated that 30 percent of people and those making more than that >> keep the mind that warm the fed wants...
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Nov 26, 2012
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warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call i
warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers....
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buffett think would make a great treasury secretary charlie rose asked. according to me diamonds are good trades well i think either you or me to him and are going to be i think you'd be terrific because i think he i think he if we did run into problems with markets i think he would actually be the best person you could have been you know. what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to today's capital account . the directory that the us has been on printing money expanding the fed's balance sheet making money free since the financial crisis how some pundits are predicting hyper inflation but a funny thing happened on the way to hyper inflation the u.s. dollar index instead of collapsing has gained value since two thousand and eleven instead of seeing interest rates spike we've seen u.s. treasury yields collapse by over sixty percent since the two thousand and eight crisis to a new record lows and we've seen these trends in the face of a public debt
buffett think would make a great treasury secretary charlie rose asked. according to me diamonds are good trades well i think either you or me to him and are going to be i think you'd be terrific because i think he i think he if we did run into problems with markets i think he would actually be the best person you could have been you know. what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to...
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Nov 27, 2012
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the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chambliss, congressman peter king among other republicans who said they'd be willing to break away from grover norquist's anti-tax pledge. will you say if you're willing to break that pledge in order to save the country from the fiscal cliff. >> hello, thomas. and first of all, i signed that pledge two years ago, and the reason i signed it is because i think increasing tax rates, increasing the amount of money that the federal
the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to...
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who are now paying so much less, paying what mitt romney paid, paying what warren buffett pays, 14 or 16%, because of capital gains and other investments, what about a minimum tax that would require them to pay 35%? >> the president has supported the buffet principle for a long time and his state of the union address last year, he supported buffet rule which would set a minimum tax for those who are the most wealthy. but we have a set of problems we need to address. and this requires a comprehensive solution and most importantly, we need to collect additional revenue from the most fortunate which includes raising tax rates to where they were during the clinton years. >> similarly, what about revisiting simpson-bowles? a lot of people are talking about the framework, a lot of work has been done, are there means testing, further means testing of medicare, for instance, or other kinds of delayed medicare enactment, you know, sliding the age, for instance, kicks in other ways to try to down the road at least realize some real money? >> well, i think the best solution would be one that not
who are now paying so much less, paying what mitt romney paid, paying what warren buffett pays, 14 or 16%, because of capital gains and other investments, what about a minimum tax that would require them to pay 35%? >> the president has supported the buffet principle for a long time and his state of the union address last year, he supported buffet rule which would set a minimum tax for those who are the most wealthy. but we have a set of problems we need to address. and this requires a...
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warren buffett will join us to talk about the looming fiscal cliff and the buffett tax. you can't afford to mix "squawk box" starting tomorrow at 6:00 a.m. eastern. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ ♪ well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >>> welcome back. making headlines, conagra foods obtaining ralcorp for cash. ralcorp chose to spin off its post cereal business but we do have a
warren buffett will join us to talk about the looming fiscal cliff and the buffett tax. you can't afford to mix "squawk box" starting tomorrow at 6:00 a.m. eastern. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ ♪ well that was uncalled for. folks who save hundreds of dollars switching to geico...
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Nov 22, 2012
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and if you were going to analyze them warren buffett style would be quite attractive. what are they and what are the key characteristics? >> we had a report out called raining cash and still raining cash over the last couple of years and we published a new report just a couple of weeks ago called macao's checklist. we're basically saying the reason why you should be owning these stocks going forward is because of the dividend yield. these stocks are generated a huge a free cash flow over the last couple years and now they're looking to pay quite high dividends of about 10%. so we think that's a strong reason to own the is to bes going forward. so it's hard to think about macao as a safe place to be, but as we've highlighted in the report and using buffett as a proxy, it takes a lot of the boxes. so the companies have strong balance sheets. they're basically net cash now. they have high 33% and also generating huge free cash throw. and if you think about the six companies in hong kong, you have three that pay down at that level. so we believe it's very sustainable. >> t
and if you were going to analyze them warren buffett style would be quite attractive. what are they and what are the key characteristics? >> we had a report out called raining cash and still raining cash over the last couple of years and we published a new report just a couple of weeks ago called macao's checklist. we're basically saying the reason why you should be owning these stocks going forward is because of the dividend yield. these stocks are generated a huge a free cash flow over...
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Nov 23, 2012
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if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is down below $9 with a disappointing earnings just a week ago and certainly ramping into the black holiday and shopping for electronic gadgets. michael dell said the windows 8 launch last month, giving consumers a real reason to upgrade in several years. the touch screen technology, convertible and hybrid, basically tablets', laptops at the same time to have a built in keyboard, this new technology is a new wow factor for the holidays. stock we should remind you down 35% year to date but it is up 7% this week alone. dave: back to neutral. thank you very much. there is still a cease-fire in gaza right now bu
if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is...
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Nov 26, 2012
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do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way? >> look, the market is hanging on every single development in these negotiations. a couple of days ago leaders came out of the white house and said they had a pretty conciliatory meeting and everything seemed hunky dory at least in that one meeting and the market boomed. people are watching and waiting to see what's happened here. you've got a split on wall street. there are those folks who don't want to see tax increases no matter what under any circumstances ever. and then you have other folks like lloyd blankfein who said they don't mind tax increases on the wealthy as long as it helps us to get to a d
do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way?...
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Nov 26, 2012
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and in today's times, i think warren buffett also suggested to raise it to $500,000, not $250,000. so that could be more palatable, too, to upper middle class people. they'll get a break up to $500,000. but it's very hard once you hit the million-dollar bracket to say, oh, no, no, we're going fro text those people. clearly these republicans are seeing the same poll numbers that obama is seeing, that this is not where the american people are right now. >> it's interesting you bring up the poll numbers. keith, let me bring you in on these. we know a exit poll combines. our first read team points out a republican pollster david winston says 61% say the better way to raise revenue is closing loopholes and reforming the tax code and they're seeing some republicans look at that particular poll over the one we've ma jorlly talked about, which is the exit polling. >> i wonder if these are the same republican pollsters who said romney is going to win in a landslide. >> touche, touche. >> you have to take this with grain of salt. the reality is the american people knew what barack obama was
and in today's times, i think warren buffett also suggested to raise it to $500,000, not $250,000. so that could be more palatable, too, to upper middle class people. they'll get a break up to $500,000. but it's very hard once you hit the million-dollar bracket to say, oh, no, no, we're going fro text those people. clearly these republicans are seeing the same poll numbers that obama is seeing, that this is not where the american people are right now. >> it's interesting you bring up the...
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Nov 22, 2012
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you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are going to say it has dents and not worth very much money. how do you avoid that? >> we have a lot of cheating right now with income tax. so we might to have a higher exemption. we might to have to have slightly higher rates. i think overall fighting wealth inequality is so important. it is really wealth, not income that, affects your access to opportunity and our wealth inequality is so extreme that it's hurting our living standards in the long run. >> and 500,000, that was an arbitrary number. why did you pick that? >> well, like i said, it already exempts about 80% of american households. if you want to make a dent in
you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are going to...
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Nov 26, 2012
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most americans think washington officials will behave like spoiled children, and warren buffett took the gop to school today, quote, let's forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattresses if, gasp, capital gains rates and ordinary income rates are increased. the ultra rich, including me, says mr. buffett, will forever pursue investment opportunities. so he's calling for a minimum tax on millionaires and billionaires. will republicans listen? >> well, it's a sensible way. if we're going to have a deal, we will have to see some kind of compromise. a minimum tax on people making over $1 million a year can generate a half it trillion in a ten-year scale. if you include deductions you don't necessarily have to go to 39%. you can go to 37% if you are looking for compromise. but i think there's a bigger issue here as well, and that is the idea this is a slightly critical towards the democrats, the biggest issue that this country faces right now is getting us back to 4% economic growth, 3% or 4% economic growth and seeing wages increa
most americans think washington officials will behave like spoiled children, and warren buffett took the gop to school today, quote, let's forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattresses if, gasp, capital gains rates and ordinary income rates are increased. the ultra rich, including me, says mr. buffett, will forever pursue investment opportunities. so he's calling for a minimum tax on millionaires and billionaires. will republicans...
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Nov 22, 2012
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buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but fighting wealth in equality is so important, bought that's what affect your opportunity and our wealth inequality is hurting were living standard in the long run. >> 500,000, why did you pick that? anything under that, you won't get taxed, above it, you are. >> it already exempts about 80% american households. if you want to make a debt in inequality, you have to have a progressive tax system, and this is a way to do it. >> let us know what you think. trying to be proactive here and help solve the problem. help those guys in washington now. >>> israel why and
buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but...
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Nov 29, 2012
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i was commenting on may interview with warren buffett and matt lauer where matt lauer asked him about the wealthiest paying more taxes and stuff. warren buffett said that if the wealthy pay more in taxes then that will give a morale boost to the middle class. how is a morale boost going to help the middle class pay their electric bill and food bill? i thought that was interesting. thank you. guest: i did not think the president thinks we should raise taxes on the top two tax brackets for a morale boost. he says they should do their fair share to help the deficit. host: david in new york. caller: good morning. if we could look back at the beginning of this problem and examine where this debt started to accumulate. in 1980, our national debt was $889 billion. at the end of the bush administration, it was $4.7 trillion. if we keep borrowing money at this rate and that had need to the rich and taking it away from the middle class, it is in a losing combination. people can have a full-time job working for walmart i have to go on food stamps and welfare, there is something wrong with the sy
i was commenting on may interview with warren buffett and matt lauer where matt lauer asked him about the wealthiest paying more taxes and stuff. warren buffett said that if the wealthy pay more in taxes then that will give a morale boost to the middle class. how is a morale boost going to help the middle class pay their electric bill and food bill? i thought that was interesting. thank you. guest: i did not think the president thinks we should raise taxes on the top two tax brackets for a...
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and in today's "new york times" warren buffett calls for a, quote, minimum tax for the wealthy writing let's not forget about the rich and ultra rich going on strike. capital gains rates and ordinary income rates are increased. the ultra rich, including me, will forever pursue investment opportunities. buffett calls for the cutoff point to increase from $250,000 to $500,000, by the way. defensem democrats are facing pressure from interest groups who oppose changes to medicare and social security like this one from the aarp. >> some politicians think medicare and social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future of these programs into a last-minute budget teal, we'll all pay the price. >> and there's your potential pressure from the left. gop negotiators have put adjusting the measure of inflation which determines social security benefits back on the table, something the president had agreed to in 2011. majority leader harry reid has ruled that out this time and the number two
and in today's "new york times" warren buffett calls for a, quote, minimum tax for the wealthy writing let's not forget about the rich and ultra rich going on strike. capital gains rates and ordinary income rates are increased. the ultra rich, including me, will forever pursue investment opportunities. buffett calls for the cutoff point to increase from $250,000 to $500,000, by the way. defensem democrats are facing pressure from interest groups who oppose changes to medicare and...